Section 8-701 - Definitions.
§ 8-701. Definitions.
(a) In general.- In this subtitle the following words have the meanings indicated.
(b) Current ground rent deed of record.- "Current ground rent deed of record" means the document that vests title to the reversionary interest in the current ground lease holder.
(c) Department.- "Department" means the State Department of Assessments and Taxation.
(d) Ground lease.- "Ground lease" means a residential lease or sublease for a term of years renewable forever subject to the payment of a periodic ground rent.
(e) Ground lease holder.-
(1) "Ground lease holder" means the holder of the reversionary interest under a ground lease.
(2) "Ground lease holder" includes an agent of the ground lease holder.
(f) Ground rent.- "Ground rent" means a rent issuing out of, or collectible in connection with, the reversionary interest under a ground lease.
(g) Leasehold interest.- "Leasehold interest" means the tenancy in real property created under a ground lease.
(h) Leasehold tenant.- "Leasehold tenant" means the holder of the leasehold interest under a ground lease.
[2007, ch. 290; 2009, ch. 60, § 5.]